In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another gain. At the time of writing, the benchmark index is up 0.6% to 7,223 points.
Four ASX shares that are climbing more than most today are listed below. Hereâs why they are pushing higher:
Calix Ltd (ASX: CXL)
The Calix share price is up 5% to $5.23. This morning the environmental technology company announced that it has signed an agreement with global building materials company, CEMEX. The two parties will work together to decarbonise the construction value chain through new Carbon Capture, Utilisation, and Storage (CCUS) projects.
Chalice Mining Ltd (ASX: CHN)
The Chalice Mining share price is up 6% to $4.94. Investors have been buying this mineral exploration companyâs shares following the release of a drilling update from the Julimar project. According to the release, recent drilling demonstrates the potential for material resource growth at Julimar, with several outstanding new intersections up to 650 metres beyond the current resource.
Qantas Airways Limited (ASX: QAN)
The Qantas share price is up 5% to $6.18. This morning the airline operator surprised the market with a guidance upgrade just over a month after last upgrading it. Management expects the airline to post an underlying profit before tax of between $1.35 billion and $1.45 billion for the half. This represents a $150 million increase to the guidance range given in October.
Whitehaven Coal Ltd (ASX: WHC)
The Whitehaven Coal share price has continued its positive run and is up a further 4.5% to $9.53. Investors have continued to buy coal miners on Wednesday. This may be on the belief that they are still cheap at current levels based on sky high coal prices. The Whitehaven Coal share price is up almost 250% in 2022.
The post Why Calix, Chalice Mining, Qantas, and Whitehaven Coal shares are rising appeared first on The Motley Fool Australia.
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More reading
- Macquarie is cooling off on its outlook for BHP shares. Should you?
- Why is the Chalice Mining share price surging 10% on Wednesday?
- Qantas share price soars 6% on surprise profit guidance upgrade
- Here are the top 10 ASX 200 shares today
- Will ASX 200 shares bottom before the year is out? Here’s Macquarie’s ‘best guess’
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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